I'm watching the debate & so far the moderator is being pretty fair & the whole shut-down thing is great.
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Who is she? She's great! I think she's way more fair than that other moderator at the other debate. I'm cheering for the moderator! :-) Trump has more self-control & on point than the last debate & it's so far very civil.
Biden says Rudy Giuliani is a Russian pawn? Wuat??? Seriously! He's losing the plot.
Q: would u make China pay?
Biden: I'd make China play by international rules. He'd caused the deficit up or down. Protect IP. China'd have to play by the rules. Xi has set up air identification & I said we'll fly through them.
What does he do? Embrace NK & poke our allies.
Trump: There's a very strong email talking about emails.
Q: What are u going to do?
Trump: China is going to. I just paid our farmers 28bn. Charged them on dump steel.
Biden: It's about your family & your family hurting badly. U are hurting badly right now. Can't get new tires.
Trump: Typical political states & get off the topic of China & talk about sitting around the table.
Q: Let's talk about NK. Do u see NK development of missiles a betrayal?
Trump: Obama said biggest problem we have is NK, we'll be in a war. Have a good relationship w/ KJU. No war
Q: NK conducted 6 nuclear tests during Obama admin.
Biden: I'll make it clear. Why u moving ur missile defense so close? B/c NK is a problem. Will continue to do it to control them. What's he done? Legitimize NK. His buddy is a thug.
Q: Conditions u'd meet KJU?
B: Nuclear free
Q: American families & economy. Healthcare. Over 20 mils get through Affordable Act. What'd u do?
Trump: Through the legislator I terminated individual mandate, pay a fortune to not have to pay for bad insurance. Premiums down. Pre-existing conditions'll stay. Come up w/ a new
They want to terminate 180mn plans.
Q: What's ur plan?
Biden: Pass Obama Care & become Biden Care. Public options. Qualify for medicaid, automatically enrolled. Reduce premiums & drug prices & have competition. Not 1 person'll lose insurance under my plan. Protect pre-existing.
Q: What do u think about people's concern that's it's socialized med?
Biden: Ridiculous, the fact that there's a public option that people can choose. I don't think it's a privilege but a right. Endorsement by labor unions.
Trump: Been around for >40 years & didn't do it. VP & didn't do it. He wants socialized medicine. It's not that he wants it but his VP. It's like fracking. He said he doesn't want fracking & he goes to Pennsylvania & says he'llhave fracking.
Btw, I respect the way u handle this
Biden: Biden Care is going to help drug prices down.
Trump: When he says public options he talks about destroying your medicare & your social security. Bernie tried it in his state & impossible.
Biden: Social security'll be bankrupt by 2023.
Trump: He tried to hurt SS years ago.
Biden: People don't live off the stock market. Billionaires made 700bn more dollars.
Trump: 401ks are through the roof. He doesn't come from Scranton.
Q: 12 million people out of work. 8 million out of poverty. Why no help?
Trump: Nancy doesn't want to approve it. I do.
Trump: Nancy wants a victory on 3 Nov so that's why she doesn't want it cuz she thinks helps her politically. I think it hurts.
Q: Leader of the Democratic & why haven't u pushed to pass?
Biden: They've passed the act since the summer.
Trump: Passed for Democrat cities & states.
Biden: I don't see red & blue states but the United States.
Q: Minimum wage. This is the right time to raise costs for small businesses hurting?
Biden: I do! Need to bail out businesses too!!!
Trump: By raising the minimum wage? I think it should be a state option. Alabama is different than New York. We need to help your small businesses. Proven to happen is that business fire people.
Q: U considered?
Trump: I did say but should be state option. States are diff.
Biden: People making $6-7/hr They deserve a min wage of $15. No evidence of killing biz.
Q: Ur admin separate kids at borders? Can't locate >500s
Trump: Children brought here by cartels. They built cages - pictures of cages. But it turned out by Obama. Working on uniting the kids
Biden: Violates notion of who we are
Trump: Who built the cages Joe?
Biden: Parents ripped children from their arms.
Trump: They are well take care of? Who built the cages?
Q: Obama failed to deliver immigration & record deportation?
Biden: We made a mistake. I'll be P not VP
Biden: All the DACA kids will be on the path to citizenship. We owe them a path.
Trump: They had 8 yrs to do what they're gonna do. Got rid of Catch & Release. He built cages to keep children in.
Q: Race in America. Why black & brown experience race? The talk. Regardless of class & income. Targeted by police due to color.
Biden: Daughter is a social worker...Never had to tell my daughter not reach for the club box. You are victim. There is institutional racism.
Biden: Better access to healthcare, schools & free of violence.
Trump: He's been in gov 47 yrs in 1994 when he did such harm & called them super predators. Criminal justice reform - Obama didn't do it but I did it & did a lot of arm twisting. Prison reform. Opportunity zones.
Trump: Pres Obama never gave them long-term funding & I did & I saved colleges & universities.
Biden: I never said that. They law he talked about is initiated by Barack Obama & he passed it. I am offering 20bn to states to eliminate minimum mandatory.
Trump: Why didn't you do it four years ago? You guys did nothing. I ran because of you & Barack Obama. I'm looking u now.
Biden: U know who I am, know who he is. I am anxious to a character of the country on the ballot.
Trump: If this stuff is true about Russia then u're corrupt
Biden: 50 former national intelligence says what he said is a Russian plant. No body believes it.
Trump: You mean the laptop is a Russia Russia hoax? You have to be kidding. Here we go again w/ Russia!
Q: You said BLM is a symbol of hate?
Trump: The first time I heard about BLM & said pigs in a blanket & fry them & they were chanting. And I thought it was terrible. I have relationships w/ all people. Least racist. I got criminal justice reforms. Opportunity zones. Makes me sad
Biden: He pours fuel on racist fire. Get rid of Mexican rapists. Banned Muslims. Made things worse. This guy is a dog whistle.
Trump: You have done nothing other than the crime bill that put 10s of thousands of black men in jail. They remember it. U treat them badly.
Q: Biden, ur bill that u supported that resulted in mass detentions of black men.
Biden: We passed 100%. It was a mistake. I have been trying to change since esp the portion on cocaine. We shouldn't send people to jail on drug offense & go into treatment. Shouldn't go to jail.
Trump: Why didnt' you get it done? That's what politicians done. For 8 years u didn't do anything. But now u say u will get it done when you are in the White House. Just talk & no action.
Biden: We began the process. We lost. That's why we're running.
Trump: Why didn't u do it?
Trump: You put thousands of black men in prison & u had 8 years w/ Obama & u didn't do it. All talk, no action.
Biden: Republican congress. Cancer.
Trump: I talked Democrats into it! Criminal justice reforms!
Q: How'd u combat climate change.
Trump: Trn trees programs. What I want is cleanest water & air. We have the best #s of emission in 35 yrs under this admin. We work w/ industries. Look at China & how filthy it is. Air is filthy. Took us out of Paris cuz we'd have to spend trns.
Trump: China doesn't have it kick in till 2060 but us right away & that would be really unfair.
Biden: Existential threat. Running out of time. Get both environmental + labor to support my plan. To create millions of good paying jobs. 50k charging stations to own electric market
China is dominating the electric car market & we can take it back. Health & jobs at state & clean energy. Wall street firms said my plan will create 8.6 million jobs.
Trump: 6500 will be taken from families. AOC +3 developed the plan. Got a good line of stuff but knows nothing.
Trump: They want to take things down & take big windows into small windows. I want to spend a 100trn dollars to knock down buildings & little windows.
Biden: Plan endorsed by environmental & labor groups. Fastest growing industries are solar & wind. Pay good wages.
Trump: We're energy independent. Don't need to fight wars. Wind is expensive, kill birds, intermittent. Make windmills in Germany & China. Fumes toxic. Solar not enuff to build factories to compete w/ the world. All a pipe. If u want to kill the economy & get rid of oil, fracking
Biden: Rule out fracking. I will try to capture the emissions from fracking. Transition.
Trump: He was against fracking. I am against fracking. He got the nomination & he said Pennsylvenia & changed.
Q: People of color live near oil facilities.
Trump: Families we talk about are employed by these industries. Black & Hispanics gain under my administration & making $. We got Saudi Arabia to cut back supply to save industries. Everyone has cheap gas.
Biden: Live near fence lines
Biden: Polluting & I used to live near those places & u get sick. How do we keep them safe? Will transition away from oil. And the oil industry pollutes. And has to replace w/ renewables. Stop giving them federal subsidies
Trump: Do give to solar & wind. He said he'll destroy oil
Q: Imagine this is ur inauguration, what'll u say to people not voted for u?
Trump: Need to make this a successful country. Before the plague, Got calls that we got the best black, Hispanics emloyment #s The other side wanted to unify. Success'll unify. If he gets in, depression.
Biden: Will chose hope over fear. Can grow, can deal w/ systemic racism, can make sure economy can be motivated by clean energy. What is on the ballot is the character of this country, decency, respect. I will make sure u get that.
IT IS OVER!!!
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Yep, that is a key take-away. He's going to make energy more expensive by moving away from fossil fuel. Germany did this & we can use it as a case study. Phased out coal & nuclear & increased renewables, total generation decline so imports more natural gas or 71% of energy supply
Germany's choice: more renewables, less nuclear (actually pretty clean & accidents rare but highly publicised kind of like airplane crash vs car crahses) & defo less coal.
But guess what? It IMPORTS more FOSSIL FUEL by doing this & increase dependency on Russia natural gas.
Germany's choice:
*By 2022, close the remaining nuclear power plants (clean & cheap source of energy)
*By 2030, rely on renewable energy sources for 65% of total.
This story should be the most read as the USA is in the middle of a national emergency: public schools closed & so it impacts the disadvantaged the most.
Parents that can have pulled their kids to private school. Imagine ur child in front of zoom all day long. Horrible.
"9-year-old Lucas grew increasingly angry, frustrated and despondent sitting in front of a computer for his classwork, his outbursts frequent and gut-wrenching. They pulled Lucas from his shuttered San Francisco public school & placed him in a reopened private school."
โOur educational system is off in a corner somewhere staring at its navel, completely disconnected from the community,โ said Thompson, adding that heโs a lifelong public school proponent. โThis is like a crashing airplane and the pilot is not saying anything."
Not quite: electric cars by definition needs electricity & let's look on where Hong Kong gets its electricity from:
Coal, natural gas, and nuclear energy. Lama Power Station of HEC & Castle Peak Power Station of CLP are the two power plants that generate electricity by coal.
May I add buy prime land like coastal California. You can always count on the politicians + residents to be voting for more regulations to limit supply. How do I know? I'm from California & invest their. A good call so far.
With the government inept, local & national, & with lock-downs introduced as gov couldn't prevent a pandemic & shuts down local economic activities, people INVEST more in real estate as it's the only place they can control.
But if you think humans are rational, u're wrong.
While the land & property owners are rational & lobby properly & the politicians act accordingly with adding more regulations to limit access to lower supply & raise prices, the people NOT owning property CONSISTENTLY ACT AGAINST THEIR OWN INTERESTS.
Watch direct investment by Singaporean firms (also Japanese, Taiwanese & South Koreans). They understand Asia and usually ahead of the game. The Singaporeans bought up Vietnam real estate at the height of the crisis circa 2011-2012 & got some good deals & that was a good call.
The question we have to ask is that whether Indonesia could ever be a story that is not just domestic demand but rather one that is rising in participation of global value chain and more outward.
When was the last time you bought something that is Made in Indonesia?
Elephant in the room is India (a sleepy giant in term of FDI but more awake than Indonesia). India is a favorite for portfolio investors (see valuation of equities and also even bonds). That said, needs to be more outward.
When was the last time u bought something Made in India?